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ALTISOURCE ANNOUNCES WIND DOWN AND CLOSURE OF OWNERS.COM TO INCREASE FOCUS ON CORE BUSINESSES

Luxembourg, October 8, 2019 - Altisource Portfolio Solutions S.A. ("Altisource" or the "Company") (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today announced that it decided to wind down and close Owners.com’s operations. The Company believes that closing Owners.com supports its simplification strategy, eliminates the cash burn associated with this earlier stage business, and increases focus on the core real estate and mortgage businesses.

"Owners.com has been making encouraging progress in demonstrating that a better consumer real estate model based on technology and service may be viable," said William B. Shepro, Altisource’s Chairman and Chief Executive Officer. Shepro further commented, "However, as we continue to work to simplify Altisource and focus on our larger opportunities, we concluded that closing Owners.com is in Altisource’s best interests given the time horizon and level of additional investments needed in order for Owners.com to operate independently. I am proud of the very talented and dedicated Owners.com team and want to thank them for their contributions."
ACTIVE
204 days on Owners.com
52010 Highway 200
Clark Fork, ID 83811
5 Beds
4.5 Baths
5,662 ft2
$1,099,000
Owners.com Estimate:
Estimated Payment:$4,127/mo

Welcome to Turtle Landing overlooking the Clark Fork Delta as it spills into Lake Pend Oreille

So many possibilities with this unique property that boasts a custom 5,662 square foot 5 bedroom 4.5 bath home with artistic touches throughout. Great living area with two story rock fireplace, custom slate and tile floor and dining room that takes in all of the views. Home is equipped with an elevator that connects all three floors. 3 bedroom 2 bath guest quarters in downstairs including full kitchen and living area. Separate pool house with 9' deep full size pool, sauna room and full bathroom. This property sits on nearly 21 acres and offers many opportunities for outdoor entertaining with its impressive hardscape patios and beautiful lush landscaping. A portion of the property is also fenced. 10 bays of detached storage is perfect for storing outdoor toys and equipment. All this with amazing Lake, Mountain and Clark Fork Valley views. Additional acreage available.

Property type
Residential
Structure
Three or More Stories
Year built
1995
Parking
Driveway - Concrete, GARAGE - 3+ Car Detached, GARAGE - Double Doors, GARAGE - Electricity, GARAGE - Insulated, Off Street, Open
Price/Sqft
$194
MLS #
20190982
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My Home Features

Rooms

Bedrooms: 5 | Room Types: Family Room, Great Room, Bedroom(s) - Master Suite, Gym / Fitness | Basement: Daylight, Full-Finished, Separate Entry, Slab, Walk Out

Interior

Features: Wired - Sound, Insulated, Jetted Tub

Exterior

Features: Garbage - Available, 2 Shops, Shop

Building

Property Types: Residential, Single Family Home | Year Built: 1995 | Structure: Three or More Stories | Architecture: Craftsman | Construction: Frame | Siding: Fiber Cement | Foundation: Concrete | Windows: Fireproof, Insulated, Sliders, Wood

Garage & Parking

Parking: Driveway - Concrete, GARAGE - 3+ Car Detached, GARAGE - Double Doors, GARAGE - Electricity, GARAGE - Insulated, Off Street, Open

Lot

Lot size: 20.97 acres | Lot Features: Landscaped, Level, Sloped, Sprinklers, Surveyed, Mature Trees, Southern Exposure | Zoning: Rural

Location

County: Bonner | Subdivision: Clark Fork | Real Estate Area: 2-Hope/Clark Fork | Directions: Highway 200 approximately 5 miles east of Hope on south side of the Highway. Watch for signs. | MLS #: 20190982

Appliances

Appliances: Dishwasher, Dryer, Microwave, Range / Oven, Refrigerator, Washing Machine

Heating & Cooling

Heating: Radiant, Electric, Gas Heating (Propane), Heat Pump | Fireplaces: Built In Fireplace, Mantel, Stone/Masonry

Utilities & Security

Utilities: Electricity - On Site, #NONE, Phone - On Site | Sewer Service: Septic | Water Source: Well

Accessibility

Accessibility: Handicap Access, Elevator

School

School District: Lake Pend Oreille | Elementary School: Hope | Middle School: Clark Fork | High School: Clark Fork

Owners.com Estimated Value

We calculate the Owners.com Estimate by analyzing sales for nearby similar properties. We use the best data sources, including MLS and county records to generate insights into the property value. You can even create your own estimate by selecting comparable sold listings.

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Local Insights

Listing provided by: Margie Stevens 

Listing courtesy of: CENTURY 21 RIVERSTONE |  (208) 255-2244 

The Selkirk Association of REALTORS®

Tools for buyers

Data provided by: The Selkirk Association of REALTORS®
Last detected update: July 25, 2019 12:29PM EST ~ Verified on November 15, 2019 05:56AM EST

Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
All information provided is deemed reliable but is not guaranteed and should be independently verified.

Note: Estimated payment calculations assume 20% down payment with loan terms of 3.86% fixed APR for 30 years.

Property is available to all persons, regardless of race, color, religion, sex, handicap, familial status, or national origin.
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